12,363 Shares in Occidental Petroleum Corporation $OXY Bought by Caxton Associates LLP

Caxton Associates LLP acquired a new position in shares of Occidental Petroleum Corporation (NYSE:OXY) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 12,363 shares of the oil and gas producer’s stock, valued at approximately $804,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in shares of Occidental Petroleum by 21.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,602,660 shares of the oil and gas producer’s stock worth $436,008,000 after purchasing an additional 1,883,721 shares during the period. Bank of New York Mellon Corp raised its position in Occidental Petroleum by 44.6% in the 1st quarter. Bank of New York Mellon Corp now owns 5,761,082 shares of the oil and gas producer’s stock worth $374,470,000 after purchasing an additional 1,776,922 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Occidental Petroleum by 54.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,959,638 shares of the oil and gas producer’s stock worth $162,820,000 after purchasing an additional 1,393,638 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Occidental Petroleum by 1,029.9% during the third quarter. Wellington Management Group LLP now owns 1,493,747 shares of the oil and gas producer’s stock valued at $70,580,000 after buying an additional 1,361,541 shares during the period. Finally, Sei Investments Co. boosted its position in shares of Occidental Petroleum by 247.0% during the first quarter. Sei Investments Co. now owns 1,734,052 shares of the oil and gas producer’s stock valued at $112,719,000 after buying an additional 1,234,350 shares during the period. Hedge funds and other institutional investors own 88.70% of the company’s stock.

Occidental Petroleum Price Performance

OXY opened at $57.32 on Monday. The company has a market capitalization of $57.02 billion, a price-to-earnings ratio of 14.44 and a beta of 0.15. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of 0.49. Occidental Petroleum Corporation has a 12-month low of $38.80 and a 12-month high of $67.45. The business’s fifty day simple moving average is $54.81 and its 200-day simple moving average is $53.59.

Occidental Petroleum (NYSE:OXY) last released its quarterly earnings data on Tuesday, May 5th. The oil and gas producer reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.46. Occidental Petroleum had a net margin of 19.98% and a return on equity of 9.65%. The company had revenue of $5.11 billion during the quarter, compared to analyst estimates of $5.44 billion. During the same period in the prior year, the firm earned $0.14 earnings per share. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. On average, equities research analysts anticipate that Occidental Petroleum Corporation will post 5.66 earnings per share for the current fiscal year.

Occidental Petroleum Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, June 10th were issued a $0.26 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $1.04 annualized dividend and a dividend yield of 1.8%. Occidental Petroleum’s payout ratio is currently 26.20%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on OXY shares. BMO Capital Markets increased their price target on Occidental Petroleum from $60.00 to $65.00 and gave the stock a “market perform” rating in a report on Tuesday, April 7th. Capital One Financial upped their price objective on Occidental Petroleum from $67.00 to $70.00 in a research report on Wednesday, May 27th. Barclays upgraded Occidental Petroleum from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $59.00 to $72.00 in a research note on Tuesday, May 26th. Raymond James Financial lifted their target price on Occidental Petroleum from $64.00 to $75.00 and gave the stock an “outperform” rating in a research report on Monday, May 4th. Finally, UBS Group cut their price target on shares of Occidental Petroleum from $67.00 to $65.00 and set a “neutral” rating on the stock in a report on Thursday, May 7th. Ten analysts have rated the stock with a Buy rating and sixteen have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $64.17.

Insider Buying and Selling at Occidental Petroleum

In other Occidental Petroleum news, CEO Richard A. Jackson acquired 4,770 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were purchased at an average cost of $52.38 per share, for a total transaction of $249,852.60. Following the completion of the purchase, the chief executive officer owned 444,098 shares in the company, valued at approximately $23,261,853.24. This trade represents a 1.09% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.50% of the company’s stock.

Occidental Petroleum Company Profile

Occidental Petroleum Corporation (OXY) is an international energy company engaged primarily in the exploration, production and marketing of oil and natural gas. The company conducts upstream activities to discover and produce hydrocarbons and operates complementary midstream and marketing functions to transport and sell its production. Occidental also owns a chemicals business that manufactures and sells industrial chemicals and related products for a range of end markets.

Occidental’s operations are concentrated in the United States, with a significant presence in the Permian Basin, and it maintains exploration and production activities in several international regions, including parts of the Middle East, Latin America and Africa.